HomeMy WebLinkAbout0470 /
. ~ K1M~
~A~ ST-2o, 050 ,
i,..,-~,~/
~
~
s. ~ ~ - 23'7598 -
lfORTGAGE -
THIS NORTGAGE DBED, executed this 6th. day of September , A. D.~ 19 72 . by ~
PAUL N. ARLSDGB and M~IRILYN J. ARL6DG8, his wife ;
hereinafter called the Hortgagor, which term as used in every instance shall include the
Mortgagor's heirs, executors, admin3strators, successors, legal representatives and t
assigns either voluntary by act of the parties, or involuntary by operation of law, and ~
shall denote the single and/or plural, and the masculine and/or feminine, and natural
and/or artificial persons, whenever and wherever the co~t so requires or admits, party
of the first part, to SOUTHERN MORTGAGE ASSOCIATE~,a corporation organized and exist- .
ing under the laws of the State of Arkansas~erefnafter called S(yp, which term as used
in every instance shall inc2ude SMA 's su~cessors, legal representatfves and assigns, party
of the second part.
WITNESSETH: Thai for divers good and va2uable consfderatfon , and also in consid-
eration of the aggregate sum of money named in the promissory note of even date herewith,
hereinafter described, the Plortgagor does grant, bargain, sell, alien, remise, release,
convey and confirm unto SMA, in fee simple, the following described property, of which
the Mortgagor is now,seized and possessed and in actual possession, situat~ in the
County of st , i.,,c~e . State of Fl ori da, to Ni t:
Lot 9, Block 39, Plat No. 3, SONI.AND G~1RDgNS, according to the
plat recorded in Plat Book 9, paqe 67 of the Public Records of ,
St. Lucie County, Florida.
TOGETNER with all s[ructures and improvemencs now and hereafter on said land and the
fix[ures attached thereto, and all rents. issues, proceeds and profits accruing and to t
accrue from said premises, all of which are inrluded within the foregoing description and
the habendum hereof; also a21 gas, steaM, electric, water and other heating, cooking,
refrigerating, ligheing, plumbing, ventilating, irrigating, and power systeas, machines,
appliances, fixtures and appurtenances, including air-conditioning, ducts, machinery and
equipment, which are now or may hereafter pertain to or be used with, fn or on said
premises. even though they be detached or detachable, and together with the abstract of
[itle thereto, and, if the above described property is now or shall hereafter be used
for cormnercial purposes, then the furniture and furnishings and any replacgceats thereof
which may be oarned by the Mortgagor and which are nov or may hereafter be loeated upon
Che above described property.
TO HAVE AND TO HOLD the same, together with the tenanents, hereditaments and ~
appurtenances, unto SMA in fee simple. i
ANb the Mortgagor does hereby covenant with SMA thatnlortgagor is indefeasibly
seized of said land in fee simple; that mortgagor has full power and lawful right to
convey said land in fee simple as aforesaid; that it shall be lawfu2 for SMA at all
times peacea~I~ ar~ quiet2~ te enter upon, hold, nccupy and enjo_y said land; thai said
property is rree from ail encumbrancrs; that ~artgagor ~•iZ2 make sueh furr.her assurances
to perfect the fee simple title Lo said property in SMA as may reasonably be required;
and that they do hereby fully Warrant the title to said land and Will defend the same
~ against the lawful claims of all persons whomsoever.
NOW,THEREFORE. the condition of this mortgage is such that if the Mortgagor shall #
well and truly pay unto SMA the indebtedness evidenced by that certain promissory note t
of even date herewith, made by the Mortgagor and payable to the order of SMA , in the . ~
I~ principal sum of FO~ggp Tgpv~p p~,~ ~pg~p gI~ ~,~p NO/100.--------~LLARS ~
f 14,150.00 together with interest (while not in default) at the rate of g~ X, ;
~
' repayab.le in equal monthly installments of $ 106.4I, inc2uding fnterest, the first of
such payments being payable on October 1, 1972 =
' and sha11 perform, comply with and abide by each and every the stipulations, agreements,
conditions, and covenants contained and set forth in this mortgage and in the promissory
note securedlhereby, then this mortgage and the estate hereby created shall cease and
be null and void.
AND the Mortgagor does hereby covenant and agree: ;
1. To perform, comply with and abide by each and every the stipulations, agre~nents, ~
conditions, and covenants in this deed set forth, and in the above referred to S
prom~ssory note.
2. To pay all and singular the principal and interest and other eufs of ~aney payable
, by vir[ue of said promissorq note and this mortgage, or either, promptlr on the
days respectively the sane severally caae due.
NOTE: STATE DOCUMENTARY STA1rPS AFFIXED TO ORI6INAL NOTE AND CJ~NC~LLED.
~nus INfTRUMENT PREPARED ev: w~Zter E. Davis
A65TR/lCT & TITLE CORP. OF FLA.
~ 200 S. 2ND ST. FORT PIEhCE. FLORIDA ~
~ R z~s prc _ . _ ~ ;
; 1 BOOK P
~ -
~_~rA~YtiT's~,~'...._ ~ ~ : . . . . . . \
. , :.1~`r,c[rsc:~